616 E COLLEGE AVE #306

STATE COLLEGE, PA 16801

PRICE: $385,000

Active | MLS# pace2512796

2 beds

2 full baths

975 sq ft

The Details

Fully leased through Aug. 2025 ($2680 Monthly) - Looking to start or expand your student rental portfolio in State College/PSU, then this exceptional opportunity is for you. This 2-bedrooms, 2-full bathrooms condo with newer LVP flooring throughout the bedrooms, living room and hallway, ceramic tiles in kitchen area, this unit is ready to go. Located in the heart of downtown, just across from Penn State main campus. Very strong rental history. Furniture package and an active rental permit included. Permitted to rent for up to 6 students. 24-hour notice needed.

Property Overview

Style	Unit/Flat
Year Built	1985
Subdivision	UNIVERSITY GATEWAY
School District	STATE COLLEGE AREA
County	CENTRE
Municipality	STATE COLLEGE BORO
Heat	Baseboard - Electric

A/C	Wall Unit
Fuel	Electric
Sewer	Public Sewer

Total Taxes

$2382

Home Overview
Home Specs
Neighborhood

Property Price

Percent
Down

Amount
Down$

Mortgage
Amount$

15-Year Fixed

30-Year Fixed

Interest Rate

Annual Taxes$

Annual Insurance$

Principal &
Interest${{ vm.principal }}

Private Mortgage
Insurance${{ vm.pmi }}

Taxes &
Insurance${{ vm.taxes }}

Monthly Payment

${{ vm.monthlyPayment }}

*All fees are for estimate purposes only.

Satellite View

Directions: From N Atherton onto Beaver Ave, left onto High St, right onto E College Ave, building is on the right.

Sq. Footages
Above Grade Finished Sq. Ft.	975
Above Grade Unfinished Sq. Ft.
Total Finished Sq. Ft.	975

Rooms	Main	Upper	Lower	Bsmt.

Subdivision UNIVERSITY GATEWAY

Assoc Fee Includes Elevator

Zoning C

Property Code 0

Possession Subject to Existing Lease

Assessed Value

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by the Centre County Association of REALTORS® MLS and should be independently verified. No reproduction, distribution, or transmission of the information at this site is permitted without the written permission from the Centre County Association of REALTORS®. Each office independently owned and operated.